DRC News Feed
Australian government consumption and investment spending fell 0.6 percent in the second quarter to an inflation-adjusted A$85.83 billion (47.82 billion pounds), the Australian Bureau of Statistics reported on Tuesday. Government spending for consumption rose 0.3 percent in the second quarter to A$68.59 billion in real terms.
TOKYO (Reuters) - Japanese summer bonuses rose in July and regular pay grew for the second straight month, government data showed, suggesting some firms are gradually raising wages. Real wages, which are adjusted to reflect changes in consumer prices, slipped in July for the 13th straight month, but the pace of decline slowed from the previous month. Wage earners' special payments, which are predominantly summer bonuses, grew an annual 7.1 percent in July after a revised 2.0 percent gain in June, data from the labour ministry showed. Japanese firms pay summer bonuses between June and August. ...
LONDON (Reuters) - Hull City signed France midfielder Hatem Ben Arfa on a season-long loan deal from Premier League rivals Newcastle United as the transfer window closed on Monday. The 27-year-old had been exiled to the reserves at Newcastle after being criticised for a lack of professionalism by coach Alan Pardew. "Hatem is a superb addition to the squad, and brings a lot of attacking flare," Hull manager Steve Bruce said on the club's website (hullcitytigers.com). "We look forward to welcoming him to the Club. ...
Manchester United confirmed they had signed Colombian striker Radamel Falcao on a one-year loan deal from Monaco after the transfer window closed on Monday. "#mufc is delighted to announce Radamel Falcao has joined on a 1-year loan from Monaco with an option to buy," the Premier League team said on its Twitter feed. Falcao was in Manchester for a medical examination ahead of the proposed season-long loan from Monaco, a move revealed to Reuters on Monday by a source close to the deal. The 28-year-old scored 11 goals in 20 appearances for Monaco after joining from Atletico Madrid for a fee of around 50 million euros last year.
Arsenal confirmed they had signed England forward Danny Welbeck to a long-term deal from Premier League rivals Manchester United as the transfer window closed on Monday. The 23-year-old Welbeck, who can play as a centre forward or winger, scored 20 goals in 90 appearances for United and has won 26 caps for England since making his debut in 2011. "Everyone at Arsenal welcomes Danny to the club and looks forward to his contribution in an Arsenal shirt this season," the team said on its website (www.arsenal.com).
Oscar-winning actress Jennifer Lawrence has contacted authorities to investigate who stole and posted nude images of her online, a spokeswoman said on Monday, part of a reported mass hacking of celebrities' intimate photos. Online pictures of the actress, 24, who won an Academy Award for "Silver Linings Playbook" and stars in "The Hunger Games" movie franchise, began appearing on Sunday. The authorities have been contacted and will prosecute anyone who posts the stolen photos of Jennifer Lawrence," spokeswoman Liz Mahoney said in an emailed statement. Model Kate Upton was among celebrities whose photos were posted online.
The number of complaints against British banks fell by nearly 42 percent in the first half of 2014, driven by a decline in the number of cases relating to the mis-selling of loan insurance, the Financial Ombudsman Service said on Tuesday. Complaints about payment protection insurance (PPI) fell to 134,000 from 266,000 in the same period last year but still accounted for seven out of ten cases. Chief Ombudsman Caroline Wayman, who was appointed in July, said that responsibility for sorting out the mass mis-selling of PPI remains a major part of the ombudsman's workload.
American Chris Kirk broke clear of a tightly bunched leaderboard with two late birdies to clinch his third PGA Tour victory by two shots at the Deutsche Bank Championship on Monday. In a wild final-round shootout on the U.S.Labor Day, Kirk fired a flawless five-under-par 66 at the TPC Boston to win the second of four lucrative FedExCup playoff events on the U.S. The 29-year-old birdied the 13th and 16th to pull two strokes clear and narrowly missed another birdie attempt, from nine feet at the last, to post a 15-under total of 269. Kirk not only claimed his second PGA Tour title of the season but he took over at the top of the FedExCup standings and advanced his claims for a late Ryder Cup call-up by U.S.
By Daniel Flynn and Tim Cocks DAKAR/LAGOS (Reuters) - The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be able to contain the disease, and urged wealthy nations to share the knowledge and resources to help African countries tackle it. "Many are dying needlessly," read the editorial, co-written by Harvard University professor Paul Farmer, with whom Kim founded Partners In Health, a charity that works for better healthcare in poorer countries. In a vivid sign of the danger posed by inadequate health provision, a man escaped from an Ebola quarantine centre in Monrovia on Monday and sent people fleeing in fear as he walked through a market in search of food, a Reuters witness said.
By Tony Goodson LONDON (Reuters) - Manchester United dominated Europe's transfer activity as the transfer deadline window slammed shut on Monday, manager Louis van Gaal taking his summer spending spree to more than 150 pounds million. The former Netherlands coach, without a Premier League win this season and hammered 4-0 by third tier MK Dons in a League Cup match last week, signed versatile Ajax midfielder Daley Blind for 14 million pounds. They also agreed a 6 million pounds season-long loan deal with Monaco for Colombian striker Radamel Falcao. "It is a real honour to sign for Manchester United," Blind was quoted as saying on the United website (www.manutd.com), which confirmed the fee and said the 24-year-old had signed a four-year deal.
Valencia have sealed a deal to take Spain forward Alvaro Negredo on loan from Manchester City. "Valencia have reached an agreement with Manchester City for the loan, with an obligatory option to buy, of the Spanish international forward Alvaro Negredo," the club said on their website (www.valenciacf.com) on Monday. The Spanish top-flight outfit, who are in the process of being taken over by Singapore billionaire Peter Lim, did not say how long the loan deal was for. Negredo, 29, joined City from Sevilla in July 2013 but after an impressive start his form tailed off and he missed out on a place in Spain's squad for the 2014 World Cup.
A proposed scheme to construct a brand new airport on an island in the Thames Estuary looks set to be rejected, which is bad news for Boris Johnson - who backed the proposals - and possibly for people living in Heathrow's flightpath. The "Thames Hub" project was mooted as one solution to the problem of what to do about creating more airport capacity to the UK, with Heathrow at bursting point and other airports in the region not having the infrastructure in place to enable their expansion. "A new hub airport, properly planned, has the potential to reshape the economic geography of London and the whole of the South East for decades to come," Johnson had enthused of the Thames Hub. The ambitious project would have seen the building of a brand-new four-runway airport on the Isle of Grain, plus rail and road links.
By Steve Holland MILWAUKEE (Reuters) - Throughout much of his presidency, Barack Obama has been under siege about the state of the U.S. With his handling of foreign policy under fire in confronting challenges from Ukraine to the Middle East, Obama made a Labour Day trek to Milwaukee's annual Laborfest event to underscore how he feels his leadership on the economy has paid off.